Creditanstalt Doubles Trading Gains In Provisional Figures

BANKS

Creditanstalt Bankverein, one of Austria's three biggest banks, has started the year aggressively by posting record provisional profits which owe a great deal to improved foreign exchange gains, sources say.

Provisional operating profits were Sch5.3 billion for 1993, a rise of more than 65 percent on the Sch3.4 billion posted in 1992. Wolfgang Lichtl, head of treasury at Creditanstalt, says the results were the "best the bank has ever posted," pointing to a "clear trend reversal after difficu

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: